PNB Housing Finance announced Q1FY26 results Net profit increased by 23% YoY and declined by 3% QoQ to Rs 534 crore. Net Interest Income grew by 17% YoY and 4% QoQ to Rs 760 crore. Operating expenditure grew by 12% YoY and 2% QoQ to Rs 216 crore. Pre-provision operating profit grew by 17% YoY and declined by 2% QoQ to Rs 632 crore. Yield at 9.99% in Q1FY26 as compared to 10.03% in Q4FY25 and Q1FY25. Cost of Borrowing is at 7.76% in Q1FY26 as compared to 7.84% in Q4FY25 and 7.92% in Q1FY25. Spread on loans is at 2.23% in Q1FY26 as compared to 2.19% in Q4FY25 and 2.11% in Q1FY25. Net Interest Margin stood at 3.74% in Q1FY26 as compared to 3.75% in Q4FY25 and 3.65% in Q1FY25. Gross Margin, net of acquisition cost, stood at 4.06% in Q1FY26. With recovery from write-off pool, Credit Cost was -27 bps in Q1FY26 as compared to -32 bps in Q4FY25 and -7 bps in Q1FY25. Business Operations: In Apr’25, 20 branches are reclassified from Prime segment to Emerging Markets segment and segment numbers are re-casted for prior period to ensure like to like comparison. The disbursements during Q1FY26 grew by 13% YoY to Rs 4,980 crore. Retail disbursement grew by 14% YoY to Rs 4,980 with Affordable segment growth at 30% and Emerging Markets segment growth at 32% during Q1FY26. Loan Asset grew by 16% YoY and 3% QoQ to Rs 77,732 crore as on 30 th June 2025. Retail loans grew by 18% YoY and 3% QoQ to Rs 76,923 crore as on 30 th June 2025. Within Retail, Affordable Loan Asset grew by 143% YoY to Rs 5,744 crore, Emerging Markets Loan Asset grew by 20% YoY to Rs 22,701 crore and Prime segment grew by 10% YoY to Rs 48,478 crore as on 30 th June 2025. Corporate loans are at Rs 809 crore as on 30th June 2025, reduced by 56% YoY. Asset under Management (AUM) grew by 13% YoY and 2% QoQ to Rs 82,100 crore as on 30th June 2025. Distribution and Service Network: The Company has 356 branches locations as on 30th June 2025 with 200 branches in Affordable segment, 80 in Emerging Markets segment and 76 in Prime segment. Asset Quality: Gross Non-Performing Assets stood at 1.06% as on 30th June 2025 as compared to 1.35% as on 30 th June 2024 and 1.08% as on 31 st Mar 2025. Retail GNPA is 1.07% as on 30th June 2025 as compared to 1.39% as on 30th June 2024 and 1.09 % as on 31 st Mar 2025. Corporate GNPA stands Nil as on 30th June 2025, 30th June 2024 and 31st Mar 2025. Net NPA stood at 0.69% as on 30 th June 2025. NNPA in Retail segment is at 0.70%. Capital to Risk Asset Ratio (CRAR): The Company’s CRAR stood at 29.68% as on 30th June 2025, of which Tier I capital is 28.96 % and Tier II is 0.72 % as compared to 29.50% as on 30th June 2024, of which Tier I capital is 28.43% and Tier II is 1.07%. Girish Kousgi, Managing Director & CEO said: “The Company’s focus on high-yielding business led to 30% YoY disbursement growth in the Affordable and Emerging markets segment during the quarter contributing 50% in the retail disbursement. Our asset quality continues to improve with GNPA of 1.06 % as on June 30, 2025. While maintaining a balance between growth and profitability, our ROA stood at 2.57% annualised for FY26. As we look forward, we are confident of our ability to achieve our stated guidance for the fiscal year. Result PDF